Wacker Neuson reports strong performance in Q1 2015

Wacker Neuson’s strong financial performance of late is continuing, with good results posted for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015. Revenue is 11% higher than for 2014 at €324.3 million compared with €291.6 million. This represents a record first quarter revenue for the company. “We have
May 13, 2015 Read time: 2 mins
Munich based Wacker Neuson reports continued business growth in the first quarter of 2015
1651 Wacker Neuson’s strong financial performance of late is continuing, with good results posted for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015. Revenue is 11% higher than for 2014 at €324.3 million compared with €291.6 million. This represents a record first quarter revenue for the company. “We have continued to implement our strategies and they have proved effective even though – from a global perspective – markets are moving in different directions. Our strong market position, above all in Europe and North America, has enabled us to offset negative market developments in South America, Russia and Australia,” explained Cem Peksaglam, CEO of Wacker Neuson.

Revenue in Europe was positive and rose 7% compared with the previous year. This region accounts for 71% of the firm’s business operations. But the company saw its strongest revenue growth in the Americas, which posted a rise of 24%. Currency effects played a major role in this region, with revenue growing 5% when adjusted to discount currency fluctuations.

Currency developments also impacted the Asia-Pacific region, where first quarter revenue was 20% higher than in the prior-year period (6% when adjusted for currency effects).

The company says it is optimistic over the market conditions for the coming months and believes that construction activity will pick up during this period. “The growth strategies that we have initiated are increasingly taking effect. Despite overall economic uncertainties in individual markets and regions, these measures will continue to secure our success for the rest of the year,” said Peksaglam. “We stand by our forecast of an overall revenue for the year of between €1.40 and €1.45 billion. This would correspond to growth of between 9 and 13% relative to the previous year.”
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